M&A Deal Summary

Huntsman Acquires Demilec

On March 13, 2018, Huntsman acquired chemicals company Demilec from Sun Capital Partners for 350M USD

Acquisition Highlights
  • This is Huntsman’s 9th transaction in the Chemicals sector.
  • This is Huntsman’s 4th largest (disclosed) transaction.
  • This is Huntsman’s 1st transaction in Canada.
  • This is Huntsman’s 1st transaction in Quebec.

M&A Deal Summary

Date 2018-03-13
Target Demilec
Sector Chemicals
Buyer(s) Huntsman
Sellers(s) Sun Capital Partners
Deal Type Add-on Acquisition
Deal Value 350M USD

Target

Demilec

Boisbriand, Quebec, Canada
Demilec, Inc. is a north american spray polyurethane foam (“SPF”) insulation market. The Company offers both rigid (“closed cell”) and semi-rigid (“open cell”) SPF insulation. The Company serves over 1,000 customers and has manufacturing facilities in Canada and US.

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Buyer(S) 1

Buyer

Huntsman

The Woodlands, Texas, United States

Category Company
Founded 1970
Sector Chemicals
Employees6,000
Revenue 6.1B USD (2023)
DESCRIPTION
Entrance to Huntsman's corporate headquarters in The Woodlands, Texas.
Entrance to Huntsman's corporate headquarters in The Woodlands, Texas.

Huntsman is a manufacturer of differentiated organic chemical products and inorganic chemical products. The Company's products comprise a broad range of chemicals and formulations which are marketed globally to a diversified group of consumer and industrial customers. Huntsman's products are used in a wide range of applications, including those in the adhesives, aerospace, automotive, construction products, personal care and hygiene, durable and non-durable consumer products, electronics, medical, packaging, paints and coatings, power generation, refining, synthetic fiber, textile chemicals and dye industries. Huntsman was founded in 1970 and is based in The Woodlands, Texas.


DEAL STATS #
Overall 13 of 16
Sector (Chemicals) 9 of 12
Type (Add-on Acquisition) 7 of 8
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 IFS Chemicals

King's Lynn, United Kingdom

IFS Chemicals Ltd. is one of the UK's major independent formulators of methylene diphenyl diisocyanate (MDI) based systems. Located in Kings Lynn, England, IFS was established more than 35 years ago and its customized MDI systems are used in a diverse range of end markets, including insulation, appliances, automotive and elastomeric applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-07 Huntsman - Integrated Oxides & Derivatives Business

The Woodlands, Texas, United States

Huntsman Corp. - Integrated Oxides & Derivatives Business comprises global Integrated Ethylene Oxide and Derivatives, Ethylene Glycol, Propylene Oxide/MTBE, LAB, and downstream Surfactants serving consumers daily needs and growing at ~5%. IVL is a true market leader holding #1 or #2 position in the vast majority of its portfolio serving targeted sectors in select geographies.

Sell $2.1B

Seller(S) 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 98 of 127
Sector (Chemicals) 4 of 6
Type (Add-on Acquisition) 38 of 53
State (Quebec) 1 of 1
Country (Canada) 4 of 4
Year (2018) 5 of 8
Size (of disclosed) 10 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-06 Jiffy Lube

Irving, Texas, United States

Jiffy Lube is an operator of quick lube retail service stores. Jiffy Lube operates approximately 523 quick-oil-change stores in major markets. Jiffy Lube was founded in 1995 and is based in Irving, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-26 Albéa

Gennevilliers, France

Albéa is a packaging company producing a wide range of solutions for make-up, fragrance, skincare, personal and oral care markets. Albéa was formed in 2006 and is based in Gennevilliers, France.

Sell -